State representation on the Supervisory Board

As part of its agreement to extend additional core capital to AEGON, the Dutch government has two representatives on the company's Supervisory Board.

These representatives are:

• Karla Peijs
• And, Arthur Docters van Leeuwen.

Shareholders approved the appointment of Mr. Docters van Leeuwen at their annual General Meeting in April 2009. Ms. Peijs was already a member of the Supervisory Board.

Approval from the state representatives is required for certain company decisions, including:

• Issue and repurchase of shares and debentures
• Changes to AEGON's policy with regard to executive remuneration
• Any acquisitions that have a value of 25% or more of AEGON's issued capital and reserves.